EV/EBITDA Explained: A Better Multiple—or Just Better Marketing?
EV/EBITDA explained in depth: enterprise value, EBITDA, peer comparisons, capital intensity, lease accounting, adjusted EBITDA and when the multiple misleads.
- September 3, 2026
- by Novalis
- 14 minutes read
- 43 Views
Aktienscreener richtig nutzen: Vom ersten Filter zur echten Analyse
Aktienscreener richtig nutzen: Welche Filter wirklich helfen, warum harte Grenzwerte gefährlich sind und wie aus einer Trefferliste eine belastbare Aktienanalyse wird.
- September 3, 2026
- by Novalis
- 12 minutes read
- 44 Views
EPS Explained: Basic, Diluted, Adjusted—and Often Misleading
EPS explained in depth: basic vs. diluted earnings per share, adjusted EPS, stock-based compensation, buybacks, convertibles and why per-share growth can mislead investors.
- September 3, 2026
- by Novalis
- 12 minutes read
- 41 Views
KGV erklärt: Wann eine Aktie günstig ist – und wann nur scheinbar
KGV richtig verstehen: Formel, Forward vs. Trailing KGV, zyklische Gewinne, Wachstum, Zinsen und typische Value-Traps. So bewertest du Aktien sinnvoll.
- September 3, 2026
- by Novalis
- 12 minutes read
- 45 Views
Active vs. Passive Investing: Costs, Odds and When Each Approach Makes Sense
Active vs. passive investing explained with current SPIVA data, fees, tracking error, tax effects, behavioral risks and a practical framework for choosing between them.
- September 3, 2026
- by Novalis
- 12 minutes read
- 40 Views
Marktkapitalisierung erklärt: Wie groß ist ein Unternehmen wirklich?
Marktkapitalisierung verständlich erklärt: Formel, Free Float, Small/Mid/Large Cap, Verwässerung, Aktienanzahl und warum Börsenwert nicht Unternehmenswert bedeutet.
- September 3, 2026
- by Novalis
- 12 minutes read
- 60 Views
Economic Moat Explained: How to Identify a Sustainable Competitive Advantage
Economic moat explained with a practical framework: network effects, switching costs, cost advantage, intangible assets and efficient scale—and how to test whether the moat is real.
- September 3, 2026
- by Novalis
- 14 minutes read
- 44 Views
Return on Equity (ROE) erklärt: Warum eine hohe Eigenkapitalrendite täuschen kann
ROE einfach erklärt: Formel, DuPont-Analyse, Leverage, Aktienrückkäufe und typische Fallen. So erkennst du, ob eine hohe Eigenkapitalrendite echte Qualität zeigt.
- September 3, 2026
- by Novalis
- 14 minutes read
- 285 Views
DCF Valuation Explained: How to Value a Stock Without Fake Precision
A practical DCF valuation guide covering free cash flow, WACC, terminal value, sensitivity analysis and the assumptions that make intrinsic value useful—or misleading.
- September 3, 2026
- by Novalis
- 12 minutes read
- 53 Views
Debt-to-Equity Ratio: How Much Leverage Is Too Much?
A deep guide to the debt-to-equity ratio: formula, interpretation, industry differences, leverage traps, stress tests and when a high or low ratio can mislead investors.
